1. Bull market or bear market?

It is likely to be a bear market and we may see Nifty moving towards lower levels of 10570 - 10550.

2. Stocks likely to be in limelight today?

Reliance, TCS, ICIC Bank, Axis Bank, and ONGC are likely to be in focus on the street.

3. Sectors likely to impact market today?

Energy, Financials and IT are sectors that can decide the make or break point for Index.

4. Your mid-term view?

The bearishness is evident but it the lower level supports at 10570 - 10550 that is the point of inflection for bulls. Below that we may see 10380 while sustaining the same may see a pullback to 10900.

5. What drove markets on Monday?

It was the energy sector along with financials that was the main driving factor for bearish sentiment. The rise in volatility added to the fuel.

Mustafa Nadeem, CEO, Epic Research